What is typical buy/sell spread in cash exchange booths for EUR, USD in Serbia?
What spread (buy vs sell exchange rate difference, %) can be typically expected in cash currency exchange booths in Belgrad airport, Terminal 2? In rural regions of Serbia (e.g. Kopaonik)? Interested both for EUR and USD.
(follow up from this thread)
Best Answer
Here's what I found so far.
Belgrade Airport
?ash exchange machine in the airport, right at the baggage pickup area upon arrivals, as of 1 March 2014:
USD: buy 80 (while official selling rate of National Bank of Serbia was 84.8722) -- which gives at least spread 6.09%, very likely more
EUR: buy 110 (rate of National Bank of Serbia was 116.2834) -- which makes at least spread 5.71%Via Thorn Tree fellow traveller, these are exchange rates for the banks that have offices in the airport, as of 21 Feb 2014:
AlphaBank Serbia
EUR: 113.9363 / 117.8771 (hence spread is 3.46%)
USD: 81.7767 / 87.1835 (hence spread is 6.61%)Komercijalna banka
EUR: 114,1681 / 117,6453 (spread 3.04%)
USD: 83,2129 / 85,7473 (spread 3.04%)
Kopaonik
A sample rate as of 03-Mar-2014 in the downtown was:
USD: 81 / 84 (spread 3.70%), while rates at VIP system in Belgrade were 82.7 / 85.5
EUR: 113 / 116 (spread 2.65%), while rates at VIP system in Belgrade were 115 / 116.5
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What are buy and sell rates for currency?
A 'Buy rate' is the rate that ASB will buy foreign currency from you. A 'Sell rate' is the rate that ASB will sell foreign currency to you. Take a look at our current exchange rates to see the current buy and sell rates.How do you read buy and sell exchange rates?
Reading an Exchange Rate This rate tells you how much it costs to buy one U.S. dollar using Canadian dollars. To find out how much it costs to buy one Canadian dollar using U.S. dollars, use the following formula: 1/exchange rate. In this case, 1 / 1.33 = 0.7518. It costs 0.7518 U.S. dollars to buy one Canadian dollar.What is the best currency to take to Serbia?
The official currency of Serbia is the Dinar. Credit cards are accepted in most hotels and shops, and nearly all ATMs accept international bank cards. Currency exchange in Belgrade (including at Belgrade Airport) accept Sterling, US Dollars and Euros. British banks don't generally exchange Dinars.Why are the exchange rates for buying and selling currency different?
Interest rates, money supply, and financial stability all affect currency exchange rates. Because of these factors, the demand for a country's currency depends on what is happening in that country.How to Exchange Currency | Why You Should NEVER do it at The Airport
More answers regarding what is typical buy/sell spread in cash exchange booths for EUR, USD in Serbia?
Answer 2
Here's a website that I'm referring whenever I'm about to check exchange rates for different banks (although I'm looking for average exchange rate, not for certain bank) enter link description here
As far as I know, they're using National bank of Serbia exchange rate as a reference enter link description here
Certain banks such as Credi-Agricole and Societe Generale have a "Non-guaranteed exchange rate" which gets better conversion rates when chosen.
I put my Mastercard, choose that option and withdraw certain amount of Serbian dinars (RSD)
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